What is a virtual bank and what does it mean for Hong Kong?

Following HKMA’s passing of the first virtual banking licenses this March, there are now 8 virtual banks in Hong Kong. So what is a virtual bank and what does it mean for Hong Kong?

Rabobank IDB is PSD2 compliant thanks to Sopra Banking Software’s Digital Experience Platform

Sopra Banking Software announced that Rabobank International Direct Bank is using its “Digital Experience Platform” (DxP) in order to comply with PSD2 regulations.

Three world-leading payment companies announced a partnership

AliExpress adds Klarna’s market-leading ‘Pay later’ option through the world’s leading payment platforms Alipay and Adyen.

Klarna boasts huge profits from spend-before-you-earn payments

Klarna has revealed that the challenger’s buy-now-pay-later service continues to resonate strongly with its young user base, merchants and partners.

Seamless Middle East 2019 brought the world’s leading experts on fintech, payments, retail and ecommerce to Dubai

Took place on April 10-11, 2019, Seamless Middle East is the region’s most comprehensive exhibition, with over 350 exhibitors and 400 speakers from the payments and commerce industries.

LATTICE80 announced its Top 100 Fintech Southeast Asia Influencers 2019

Following up on their first edition published last year, LATTICE80 presents the complete list of Top 100 Fintech Southeast Asia Influencers who are charting the path for fintech in the region for 2019.

European third-party provider association established

The non-profit organisation has been established by the founding members PPRO, Bankin’, Eurobits, Klarna/Sofort, Trustly.

LATTICE80 has released the Top 100 Fintech for SDG Influencers

LATTICE80, in collaboration with FinTech4Good, presents this list who are leveraging the power of fintech and blockchain technology to create a positive impact on the future.

Top 100 Women in Fintech 2019

LATTICE80 in collaboration with Miss Kaya presents the 2019 complete list of top 100 Women in Fintech you need to know and follow around the world.

Ant Financial launches distributed core banking platform

Ant Financial, Alibaba’s financial arm, partners with Jiangsu-based Hoperun Information Technology to launch a next-generation banking product.

A new era of virtual banking for Hong Kong

Hong Kong Monetary Authority (HKMA) issued the first round of virtual banking licenses.

Leading Chilean processor and OpenWay to power Banco Consorcio’s credit card business

Banco Consorcio has successfully launched a credit card business with Nexus, the major processor in Chile. The Nexus platform is built on WAY4, a top-ranked digital payments software provided by OpenWay.

Recurring payment: what it is and how it works

Does your business need a recurring billing?

Infographic - Mobile Payment Development

Do you know how mobile payment is changing the world? We present this infographic by summarizing some key developments.

SPS introduces anti-skimming function to reassure contactless payment cardholders

Smart Packaging Solutions (SPS) introduces Press & Pay, a patented, original and validated solution for financial institutions.

NCR showcases banking’s most complete solutions at Money 20/20 Asia 2019

NCR Corporation showcases its latest range of digital transformation solutions at Money 20/20 Asia, 2019 that create connected experiences and improve end-to-end efficiency for financial institutions.

Apple Pay and Google Pay enabled on Worldline payment terminals in Germany

Worldline now supports the modern mobile payment solutions Apple Pay and Google Pay on its payment terminals which allows users to pay easily via smartphone or smartwatch.

PayPal lets users instantly transfer funds to bank accounts

PayPal is rolling out an Instant Transfer feature in the US, allowing consumers, and soon businesses, to instantly move money via the service into their bank accounts.

Payment alternatives fuels 25% retail spending rise

A new study has identified a range of strategies for payment providers to deploy if they are to maximise their opportunities across both the offline and online space.

China's Ant Financial in 'advanced talks' to buy UK fintech firm World First

China's Ant Financial is in 'advanced talks' to buy London-based currency exchange World First for $700m (£550m). The takeover could be completed in a matter of weeks, making it the most significant acquisition of a UK-based fintech firm by a Chinese financial services company.